Lunsford Jeffrey W 4

What Happened
Jeffrey W. Lunsford, a director of Live Oak Bancshares, Inc. (LOB), was granted 2,486 restricted stock units (RSUs) on 2026-05-19. The award was recorded at $0.00 per unit (no cash paid on grant); these RSUs are derivative awards that represent a contingent right to receive common stock if vesting conditions are met.

Key Details

• Transaction date: 2026-05-19 (Filed: 2026-05-21) — appears timely (Form 4 must be filed within two business days).
• Transaction type/code: A — Award/Grant of derivative securities (restricted stock units).
• Amount: 2,486 RSUs granted at $0.00 per share (no immediate cash exchanged).
• Footnotes: F1 — each RSU equals a contingent right to one share of common stock; F2 — RSUs vest on May 1, 2027.
• Shares owned after transaction: not specified in the provided filing.

Context
RSUs are a form of equity compensation that convert to actual shares (or cash equivalent) only if and when they vest. This grant is a compensation event for the director — not a market purchase or sale — and does not by itself signal buying or selling intent. For retail investors, note that value realization depends on future vesting and any company stock-price movement between grant and vesting.